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Launched

SPAC and New Issue ETF

SPCKNasdaqTuttle CapitalD

$21.58−0.03 (−0.16%)

At close: Nov 2, 2026, 4:00 PM ET

D34/ 100

Rank 7 of 8 in IPO & Spin-Off

D34/100Rank 7 of 8inIPO & Spin-Off
Intraday session: down, 79 prints from 21.61 to 21.58. Range 21.13 to 21.81. Use the arrow keys to read each point.21.2021.4021.8010 AM12 PM2 PM4 PM
Expense ratio
2.31%
Fund size
$8M
1Y total return
−2.6%
Yield · Last 12 months
16.61%
Holdings
46
Avg volume · 30D
6.51K sh
52W range
low $21.01high $25.78
Launched

The ETF.net SPCK Grade

Based on 5 of 6 pillars

D

Score 34 out of 100

Category
IPO & Spin-Off⁠
Rank
7 of 8
Six-pillar profile for SPCK. Scores out of 100: Cost 7, Risk 55, Mission not scored, Tradability 48, Holdings 65, Durability 36. Strongest: Holdings (65). Weakest: Cost (7). Based on 5 of 6 pillars.

Score 34 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F7 out of 100
    Rank 8 of 8

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B55 out of 100
    Rank 4 of 8

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C48 out of 100
    Rank 5 of 8

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B65 out of 100
    Rank 2 of 7

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D36 out of 100
    Rank 6 of 8

Our read on SPCK

ETF.net Research

In short

DThe active one in a passive corner: SPCK's manager hand-picks pre-deal SPACs and companies that listed in the past two years. Trading since December 2020, at 2.31% a year with no waiver, above its index peers.

Stated mandate

The Fund seeks total return. It is actively managed and invests at least 80% of assets in qualifying SPACs and companies that completed an IPO within the prior two years; it may also use swaps and hold cash or short-term debt for liquidity.

Why people hold it

  • Actively managed: a person picks which SPACs and recent IPOs to own and how big each gets, while peers FPX, IPO and CSD follow fixed index rules.
  • One ticker covers both halves of the new-issue market: qualifying SPACs plus companies that listed within the prior two years, around 50 names.
  • Trading since December 2020, so there is a multi-year live record to look at rather than a backtest.

Worth knowing

  • Cost is the trade-off: 2.31% a year, no waiver, next to FPX at 0.57%, IPO at 0.60% and CSD at 0.65% net of a waiver through August 31, 2028.
  • The holdings are unseasoned by definition, pre-deal SPACs and brand-new listings, and the fund itself is small and thinly traded.
  • Same fund, new symbol: the ticker moved from SPCX to SPCK on April 7, 2026, with no change to objective or strategy.sec.gov

SPCK Performance

Launched Dec 15, 2020

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
SPCK$9,743
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. SPCK $9,743. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SPCK. Periods over one year show the average yearly return.
PeriodSPCK
Year to date−0.7%
1 month−0.2%
3 months−2.1%
1 year−2.6%
3 yearsper year+3.4%
5 yearsper year−1.8%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SPCK
YearReturn barSPCK
2026 YTD−0.7%
2025+7.8%
2024+2.8%
2023−4.1%

SPCK in the news

SPCK Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
16.61%Last 12 months
Payout per share
$3.59Last 12 months
Last payment
$0.49 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2021–2026

One bar per payment. 6 payments from 2021 to 2026 YTD. Dec 27, 2021 $0.36; Dec 19, 2023 $0.52; Dec 17, 2024 $0.14; Dec 27, 2024 $0.02; Dec 16, 2025 $3.11; Dec 24, 2025 $0.49. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$0.49
Dec 16, 2025Dec 17, 2025$3.11
Dec 27, 2024Dec 30, 2024$0.02
Dec 17, 2024Dec 18, 2024$0.14
Dec 19, 2023Dec 21, 2023$0.52
Dec 27, 2021Dec 29, 2021$0.36

$10,000 in SPCK 5 years ago paid $1,601 in dividends.

SPCK Risk

Risk pillarB55 out of 100Rank 4 of 8 in IPO & Spin-Off
How much the fund’s monthly returns vary, scaled to a year.
5.9%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.16
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−19.9%
Trough Feb 2023
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.11
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

SPCK Cost

Compare SPCK and FPX

Overpaying vs FPX, cheapest in IPO & Spin-Off

$25,301

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SPCK 2.31%

    $36,572

  • FPX 0.57% Cheapest

    $11,271

$10,000
30 years

Cost over time

  • SPCK 2.31%
  • FPX 0.57%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530SPCK $36,572FPX $11,271

Year by year

YearSPCKFPXOverpaying
10$3,857$1,023$2,834
20$13,687$3,921$9,766
30$36,572$11,271$25,301

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